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Samsung's Profit Falls Amid Delays for Galaxy Fold Phone SEOUL— Samsung Electronics Co. reported a 57% decline in first-quarter net profit, as the technology giant wrestles with a postponed rollout of its foldable-screen phone and decreased demand for its memory chips. The world's largest smartphone and ...
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The Ledger: Bitfinex's Tether Trouble, Bitcoin Crime, Bakkt Buys a Custodian Even before the New York Attorney General revealed a bombshell lawsuit last week against Bitfinex and Tether, you probably had some concerns. Suspicion has swirled around Bitfinex and Tether, which share the same owners and management, since at ...
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Oil dips as rising OPEC, US output seen making up for Iran sanctions shortfall SINGAPORE (Reuters) - Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from U.S. sanctions on Iran, but analysts said markets remained tight. FILE PHOTO: ...
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Jungle Ventures hits $175M first close on its third fund for Southeast Asia Southeast Asia's startup ecosystem is set to get a massive injection of funds after Jungle Ventures reached a first close of $175 million for its newest fund, TechCrunch has come to learn. Executives at the Singapore-based firm anticipate that the new fund, ...
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Bitcoin Venture Backed by NYSE Owner Faces Fresh Delay A plan by the owner of the New York Stock Exchange to make it easier for consumers to pay for purchases in bitcoin faces further delays after the venture, called Bakkt, said it was applying for a license from New York state regulators. Bakkt said in a blog post ...
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Airbnb's Newest Neighbor in the Home Rental Space: Marriott Hotels Marriott is hitting back at Airbnb, which has been expanding its reach into the hotel industry, by rolling out its own home-rental service. Next week, Marriott said it would start renting 2,000 homes in 100 cities across the U.S., Europe, and Latin America.
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Altria Keeps Mum on Marijuana Details -- for Now Tobacco giant Altria Group (NYSE:MO) announced its first-quarter financial results last week, and most investors weren't too happy with what they saw. Between falling revenue and net income, plunging cigarette shipment volumes, and a reduced dividend ...
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Unions are on frontlines of fight against inequality Stop & Shop's stores were ghost towns during the recent strike. With workers standing outside in picket lines, customers stayed away , leading to one of the most effective strikes in recent memory. The grocery clerks and bakers and meat cutters holding signs ...
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Senators urge FAA to complete remote drone identification rules There's no question that drone sightings can be disruptive. In December, a drone spotted at Gatwick Airport in London led to the grounding and diversion of hundreds of flights, and similar disruptions have happened at Dubai International Airport and Newark ...
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Civic leaders announce plan for new convention center hotel CINCINNATI — Mayor John Cranley and civic leaders who have widely condemned the Millennium Hotel publicly launched a plan Monday for a new convention center hotel Downtown. Some six weeks after Cranley called conditions at the Millennium ...
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Daimler pulls the plug on electric smart car sales in US, Canada Daimler is ending sales of its diminutive all-electric smart fortwo cars in the U.S. and Canada, officially pulling the plug on a vehicle that has struggled to gain ground in North America as the German automaker prepares to bring the brand to China, ...
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Crocs just got more absurd In the words of my colleague: "WTF?" Just when you thought Crocs couldn't get any uglier, they went and created Crocs with teeny fanny packs attached to them. It's unclear what the designers were thinking. In the fashion world, Crocs and fanny packs have ...
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Super Retail Group's new CEO delivers solid sales growth New Super Retail Group (SRG) chief executive Athony Heraghty has kicked off his tenure by delivering solid sales over the last few months. Like-for-like sales across the group rose 4.3 per cent in the 17 weeks ended April 27, buoyed by 4.2 per cent ...
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Google drops on weaker-than-expected revenue, S&P 500 and Nasdaq hit new records Australian shares are expected to open flat, or marginally lower, despite Wall Street climbing to new records. Market snapshot at 7:35am (AEDT):. ASX SPI futures flat at 6,341, ASX 200 (Monday's close) -0.4pc at 6,360; AUD: 70.54 US cents, 54.56 British ...
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Bank of Maharashtra posts net profit of Rs 72 crore in March quarter State-owned Bank of Maharashtra on April 29 posted a net profit of Rs 72.38 crore in the quarter ended March 31. The bank had posted a net loss of Rs 113.51 crore in the corresponding quarter of the previous financial year. Its total income during the ...
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This NH-Based Fitness Giant is Offering Free Workouts For Teenagers This Summer Planet Fitness is offering teens age 15 to 18 to work out free at any of its locations as part of a nationwide Teen Summer Challenge. The New Hampshire-based company is building on last summer's pilot program in the state. It said Friday more than 2,500 ...
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